Abstract
We study in this paper the optimal inventory models in fashion supply chains with a controllable lead time and a service-level constraint. First, we review the analytical inventory model which assumes that the lead time can be divided into n parts, and the cost of compressing lead time has a linear relation with the lead time. Then, we examine the optimal quantity decisions in the fashion supply chain. Furthermore, extensive numerical analyses are conducted to generate important insights into the problem. Future research directions are discussed.
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Acknowledgments
This work was supported by the National Natural Science Foundation of China (no. 71102174 and 71372019), Beijing Higher Education Young Elite Teacher Project (no. YETP1173), Specialized Research Fund for Doctoral Program of Higher Education of China (no. 20111101120019), and Beijing Philosophy and Social Science Foundation of China (no. 11JGC106).
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Li, G., Kang, Yc., Guan, X. (2016). Fashion Supply Chain Inventory Optimization Models with Service Level and Lead Time Considerations. In: Choi, TM. (eds) Analytical Modeling Research in Fashion Business. Springer Series in Fashion Business. Springer, Singapore. https://doi.org/10.1007/978-981-10-1014-9_11
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DOI: https://doi.org/10.1007/978-981-10-1014-9_11
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